Since 2019, Tokenlon has served far more than 220,000 international consumers and has accomplished a cumulative trading volume of $25 billion to date.
The latest crash of the FTX exchange has shaken investor self-confidence. Many consumers from right here get started to recognize the relevance of holding tokens in custody charge wallets and the function of decentralized exchanges (DEX).
Here’s Jia Yung Lee, Tokenlon’s Head of Marketing at the latest ETH Vietnam occasion, on how DEX went mainstream and why we will need to adopt DeFi for the long term.
Tokenlon is a decentralized exchange and payment protocol. Since 2019, Tokenlon has served far more than 220,000 international consumers and lately hit the $25 billion mark in cumulative trading volume.
Tokenlon is quite joyful to sponsor and accompany ẸTH Vietnam this 12 months. Vietnam has a sturdy builder local community, entered the $five,000 bounty competitors at the occasion. In addition, Tokenlon Senior Blockchain Engineer Nic Lin gave a keynote speech on Solution Layer two and Account Abstraction.
In the long term, as Tokenlon gets to be far more decentralized, the platform will constantly will need a very good developer local community to maintain developing the protocol, and Vietnam is a single of the prospective candidates.
After the FTX crash, Tokenlon tripled its trading volume from the prior weeks. This is why the task believes Defi will be mainstream ahead of cryptocurrency is acknowledged as a reputable marketplace.
When trading on a DEX, consumers will love the advantages of Defi, namely transparency and self-management of their money.
This suggests that the likelihood of currently being hacked and censored is very lower, in particular the token is constantly owned by the consumer. Above all, the output and profitability of the Defi platform are transparent and sustainable.
However, Tokenlon also highlights the causes why consumers nonetheless opt for to trade on CEX, building DeFi nonetheless unable to go mainstream:
- The liquidity of DEXs is reasonably lower
- complicated UI/UX
- High transaction charges
- Transactions are ordinarily constrained to a single or a handful of networks.
In an work to appeal to new consumers, Tokenlon is actively addressing the following concerns:
- Implement a smarter buy guide
- Cross-chain connection by way of bridges
- User interface enhancements.
About Tokenlon
Tokenlon is a decentralized exchange and payment protocol. Launched in 2019, Tokenlon has processed in excess of $25 billion in trading volume and served 220,000 consumers.
Find out far more about the task: https://tokenlon.im/
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